More than $279 million will be available over five years to businesses and homeowners for renewable energy projects, the New York State Public Service Commission announced this week.
The funding, approved Thursday by the commission, is part of the state Renewable Portfolio Standard program, PSC officials said.
“The development of renewable energy projects strengthens New York’s emerging clean energy economy, and provides opportunities for job creation at all levels of the renewable resources supply chain,” PSC chairman Garry Brown said in a statement.
The funding is available for the installation of solar panels, fuel cells, wind turbines and other renewable energy devices, PSC officials said.
The RPS program, funded by ratepayers, involves two renewable energy programs administered by the New York State Energy Research and Development Authority.
(c) 2010 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail email@example.com.